A play on the tag-line from the 1992 US presidential election sums up the media jump on the issue of pensions today with the release of the Turner report into the lack of pensions savings.
The FT says the main conclusion of the report will be that government actuaries and providers alike are still underestimating increases in longevity, with all the fallout that creates for the pensions industry. Failure to get projections right is a key cause of the savings shortfall, the paper expects the report to conclude. The Times plays its outlook off the back of Tony Blair’s “vision” speech yesterday, in which he outlined rejection of calls for compulsion or tax increases to get round the problem. This may result in moves to encourage workers to stay in their positions beyond...
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